February 05, 2001
UTi Worldwide names Computer Sciences' Leon J. Level to Board of Directors
Rancho Dominguez, California - February 5, 2001 - UTi Worldwide Inc. (Nasdaq:UTIW) today announced the appointment of Leon J. Level, vice president and chief financial officer of Computer Sciences Corporation (NYSE:CSC), to the UTi board of directors. Level is also a member of CSC's board of directors.
Level, 60, expands the total number of UTi directors to seven, three of whom are independent directors. The addition of Level is in line with UTi's plan, since its shares commenced trading in the United States in November 2000, to add independent directors.
"Lee Level's global corporate background, spanning 30 years, makes him an excellent addition to our board of directors," said Roger MacFarlane, UTi's chief executive officer. "As chief financial officer of CSC, a $10 billion information services powerhouse with 61,000 employees in locations worldwide, Lee brings a great breadth and depth of experience to our company. In addition, he will provide significant insight in the areas of technology development, consulting, outsourcing, global accounting and related issues. We look forward to benefiting from his contributions, guidance and counsel."
Prior to joining CSC's senior management team in 1989, Level served as vice president and treasurer with Unisys Corporation and previously held those same positions with Burroughs Corporation. He also served in a variety of financial positions with The Bendix Corporation.
A Certified Public Accountant, Level began his career at Deloitte & Touche, rising to the level of principal. He holds both Bachelor's and Master's degrees in business administration from the University of Michigan, Ann Arbor.
UTi Worldwide Inc. is a global, non-asset based supply chain management business providing supply chain logistics services and planning and optimization solutions. The company's services include freight forwarding, customs brokerage and warehousing services such as the coordination of shipping and the storage of raw materials, supplies, components and finished goods. Through its supply chain planning and optimization services, the company assists clients in designing and implementing systems that improve the predictability and visibility and reduce the overall cost of their supply chains. The company has a global and diverse business customer base ranging from large multinational enterprises to smaller local businesses. For more information about the company visit its Web site at www.go2uti.com.
Safe Harbor Statement
Certain statements in this news release may be deemed to be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The company intends that all such statements be subject to the "safe-harbor" provisions contained in those sections. Such statements may include, but are not limited to, the company's discussion of its growth strategy and integration of acquisitions. Many important factors may cause the company's actual results to differ materially from those discussed in any such forward-looking statements, including increased competition, integration risks associated with acquisitions, general economic and market conditions and the other risks and uncertainties described in the company's filings with the Securities and Exchange Commission. Although UTi believes that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the results contemplated in forward-looking statements will be realized. In light of the significant uncertainties inherent in the forward-looking information included herein, the inclusion of such information should not be regarded as a representation by UTi or any other person that UTi's objectives or plans will be achieved. The historical results achieved by the company are not necessarily indicative of its future prospects. UTi undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
|Contact:|| Lawrence R. Samuels |
Senior Vice President, Chief Financial Officer
UTi Worldwide Inc.
+1 (310) 604-3311
+1 (310) 604-3312
Cecilia Wilkinson / Julie Crandall
+1 (310) 207-9300